Simba

Crypto * ETH * Nunchaku

[Ekta Mourya @EktaMourya_]

🚀 The "Bitcoin Election" effect hits India! 🌍
I’m so excited to be featured in @Secretariat_in, sharing my thoughts on how Trump’s re-election is shaking up the crypto world. With Bitcoin crossing $94,700, we’re witnessing history in the making!
https://t.co/FgRgDjBpJm

[Ekta Mourya @EktaMourya_]

@reallive3tv interviewed me for thoughts on the market outlook, impact of #USElection2024, #Bitcoin's bull run and what to expect from crypto in 2025.
https://t.co/zAODkCUSOH

[Simba @CryptoCatSimba]

@simplykashif Whether they are FIU registered or not! How does it matter. Tell this to someone who lost their crypto in the WazirX hack, none of this will matter to them! BingX would have 100% tackled it better than WazirX no matter what the hacked amount is.

[Pushpendra Singh @pushpendrakum]

✅ Binance got hacked but no loss for users

✅ Polonix got hacked but no loss for users

✅ BingX got hacked but no loss for users

✅ User lost 3 bitcoin due to Coindcx mistake but no loss for user, they gave from their profit.

❌ Wazirx - only blame game, it’s been more than 2 months so far no any clear cut update.

[Ekta Mourya @EktaMourya_]

Top 3 meme coins
🔻$DOGE - expect a drop to $0.1113, losses could be extended to $0.0947
🔻 $SHIB - 13% decline to $0.00001830 likely
🔺 $BONK - expect rally to $0.000026

[Ekta Mourya @EktaMourya_]

🚀 Bitcoin Halving Countdown Alert! 🚀
BTC price action targets and key events in a thread 🧵…1/10

[Simba @CryptoCatSimba]

@coingecko $SOL

[Simba @CryptoCatSimba]

@AltcoinDailyio Solana only! $SOL army 🚀

[Simba @CryptoCatSimba]

@cat_auras 🫠

[Ali Charts @alicharts]

Around 1.11 million $BTC were bought between $42,560 and $43,245 and have not been sold yet, making this one of the strongest support walls!

If #Bitcoin can hold above this level, there is not much significant resistance ahead that will prevent it from advancing further. But if $42,560-$43,245 fails to hold, expect a downswing to the next critical area of interest between $26,770 and $30,220.

[Simba @CryptoCatSimba]

@AltcoinDailyio $SOL haters gonna hate

[Simba @CryptoCatSimba]

#Bitcoin Spot ETFs following the SEC for approval! Send it

[Ekta Mourya @EktaMourya_]

🚨 Bitcoin Spot ETF Important dates 🚨

- SEC could give $BTC Spot ETFs the greenlight as early as Tuesday
- Once SEC decision on 19b-4 and S-1s is in, BTC Spot ETFs could hit the market within 24 hours (Bloomberg)
- A source has predicted an SEC Commissioner vote on Bitcoin Spot ETF approval is likely on Wednesday (Reuters)

#Bitcoin is trading sideways below $45,000, a rally to $48,676 is likely if ETFs receive SEC seal of approval.

[Ekta Mourya @EktaMourya_]

#Bitcoin Spot ETF approvals likely incoming, here's all you need to know:
✅#BitcoinETF may launch post SEC’s upcoming decision. 19b-4s and S-1s approval needed.
✅ $BTC aims at $45,000. Bloomberg hints SEC may approve multiple ETF applications by Jan 10. ✅Expectation of approval by Tuesday/Wednesday
✅11 issuers await SEC nod.
✅Market to watch Jan 10-12 for SEC updates. Approval could trigger significant market impact.
🔥 $BTC currently eyes recovery to $45,000; key levels at $42,349.89 and $41,338.66. 🔥
https://t.co/RgaKIZvZXu

[Ekta Mourya @EktaMourya_]

What are the top 10 tickers that you monitor? This is one of the questions I've been asked by many of you on X. In this post I'll run you through my watchlist for the market. Bookmark for reference!

1. $BTC/USD #Bitcoin
The largest asset by market cap, base for BTC trading pairs, it is key to my setup. I watch Bitcoin's price and estimate the direction of BTC price trend to help predict any influx of massive volatility.

2. #Bitcoin Dominance %
$BTC dominance is used for making buy/sell decisions. I compare the $BTC dominance % and BTC price from the chart.

🔹BTC dominance climbs -> Capital inflow to $BTC
🔹BTC dominance down -> Capital rotates from $BTC to alts initially before fear spreads to altcoins as well

There are altcoins like $MKR and $SOL in nearly every cycle that outperform most others, through periods of declining BTC dominance

3. USDX
USD index on Tradingview
When watching macroeconomic events unfold, hike in interest rates strengthens the dollar and a pause or dovish stance of the US Federal Reserve translates into weakness for $USD.

Risk assets like #Bitcoin , altcoins and DeFi, web3 tokens rely on leverage, therefore a strong dollar weakens the upward trend in these tokens.

Note: Correlation between $BTC, USD, and macro events like interest rate hikes keeps changing, however the concept remains the same

4. ETH/BTC
#Ethereum is the leader of altcoins. When ETH/BTC pair climbs, there is a spillover effect in altcoins in the top 30 cryptocurrencies by market capitalization. Alongside the alt season index from https://t.co/ykikj5S2li, this works as a reliable indication of potential alt season/ Bitcoin season.

5. $USDT and USDT.D and 6. $USDC market capitalization in US Dollar and USDT market capitalization dominance %

Two charts that help identify where Bitcoin price is headed, in addition to Bitcoin Dominance % and USDX.

🔹USDT D. decreases -> Bitcoin price likely to increase 🔹USDT D. increases -> Bitcoin price likely to decrease

7. Bitcoin correlation with S&P 500, 8. Bitcoin correlation with Gold, 9. Bitcoin correlation with US tech stocks

The 30-day and 90-day correlation between S&P 500 and #Bitcoin , and Bitcoin is important to identify points where the direction of volatility changes.

10. GBTC discout or premium to NAV
GBTC discount or premium helps decide whether institutional capital flows in or out of Bitcoin and risk assets, typically. A steep discount encourages institutions to buy GBTC shares and increases demand for Bitcoin in turn.

There are many more charts I analyze on a daily, weekly basis, however these are my top 10.

I hope you find them interesting and useful. Pair chart watching with some techno music and to the moon! 🚀

If you find this post useful, share with friends and repost.

Thank you for your time and patience!

[Elon Musk @elonmusk]

If you’re a journalist who wants more freedom to write and a higher income, then publish directly on this platform!

[John Reed Stark @JohnReedStark]

Binance Continues To Poke The Bear, Which Could Accelerate Criminal Charges

Yesterday, Binance filed a motion in the US SEC Binance enforcement action asking that Judge Amy Berman Jackson prevent SEC attorneys from making public statements asserting that Binance and CZ have mishandled the assets of US-based customers.

Binance cited a press release issued by the SEC where SEC Enforcement Director Gurbir Grewal said that "Zhao and Binance have control of the platforms' customers' assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged." https://t.co/qiTLiJbaYu

Binance charges that the SEC has not presented evidence of any alleged commingling and argues that the SEC's publicly claiming it has mishandled customer assets "risks tainting the jury pool."

Binance wants Judge Jackson to order the SEC to comply with a Washington, DC professional conduct rule "which provides that counsel cannot make misleading extrajudicial statements that may materially impact court proceedings.”

My take is that Binance will regret having ever filed this motion.

Why Binance’s Motion Was a Bad Idea

There are of course some benefits to Binance's motion, which foretells an aggressive defensive posture and a creative, sophisticated and offensive litigation strategy.

For example, Binance’s motion may prompt the SEC to become more disciplined, measured and muted when making Binance-related statements -- which is a positive result for Binance. Moreover, the motion may curry favor with Binance customers and Binance’s cult-like Twitter fanbase -- which is good for Binance's business. Finally, the motion could even result in an admonition from Judge Jackson -- which is an unsettling thought for any SEC staff member, especially an Enforcement Director.

However, using litigation as marketing theater is never recommended when there exists a criminal indictment that is being contemplated or is already filed under seal, which is, IMHO, exactly the situation with Binance.
https://t.co/mglIEhOGII

The stark reality is that Binance’s motion is provocative and Binance’s antagonistic, arrogant, accusatory and unorthodox ethics battle-cry could fan the flames of whatever Binance-related criminal prosecution is cooking and instigate criminal prosecutors to act now against Binance.

The SEC states in its pleadings that, “It has also been widely reported that Binance and Zhao are under investigation by criminal authorities in the United States." This sort of statement in an SEC pleading is unusual and rare.

Normally, the SEC is silent about any sort of parallel criminal investigation, especially in its pleadings and public statements.

Though the SEC reveals no other information regarding any criminal investigation, the SEC's mention of the criminal investigation in its pleading reinforces the view that the SEC is obviously working with criminal prosecutors and FBI agents -- and infers that criminal action could be imminent.

Looking Ahead

By poking the bear and accusing the SEC staff of ethical violations and by alleging that the SEC is making misleading statements about Binance’s alleged fraud and market manipulation, Binance is essentially daring the criminal authorities to prove Binance wrong. This is not a good look for a company already entangled in dynamic and multi-faceted prosecutorial crosshairs.

In my opinion, the CFTC or SEC cases against Binance allege a mammoth criminal and fraudulent enterprise yet neither case intensely focus on money laundering, which is perhaps the prosecutorial space that has been carved out and reserved for a US DOJ criminal prosecution relating to Binance.

Having managed dozens of parallel criminal/global investigations when I worked in the SEC Enforcement Division, my guess is that US DOJ is doing more than just working with the SEC, CFTC, and multiple informants, whistleblowers and cooperators. I believe that the SEC and DOJ are also sharing evidence, and coordinating meticulously, with international law enforcement and regulatory authorities.

Along these lines, it has already been reported that Binance is under preliminary investigation for illegal canvassing of clients and money-laundering by the Paris, France prosecutor's office. The Paris investigation is about "the unauthorized practice of the profession of virtual assets service provider" and "aggravated money-laundering," the prosecutor's office said in a statement. https://t.co/PylePSScGH

In an ironic twist, just a few days before French police visited Binance’s Paris office, Binance’s top French executive dismissed concerns about US regulatory charges affecting Binance’s other operations, comparing them with the "flapping of a butterfly’s wings."

Specifically, CNBC asked Binance France President David Prinçay if he was concerned about charges from the SEC and CFTC against the exchange.

“I don’t care what happened in the U.S. We are in Europe, with a French regulator, a European regulator.”

https://t.co/VKqB4hQcRJ

My guess is that Prinçay no longer has quite the same comfort level with Parisian regulators and law enforcement that he did when he spoke with CNBC. What a difference a day makes.

Given the nature of the SEC/CFTC charges and the litany of serious AML and sanctions evasion issues involved, one need not be Nostradamus to predict that the next axe to fall is the filing, or unsealing of, Binance-related criminal charges. Just my opinion, but it seems to me not a matter of “if,” but “when.”

Binance argues in its motion that the SEC has not presented evidence that Binance has commingled or mishandled of customer assets. Well, be careful what you wish for Binance, because you just might get it. https://t.co/21RtLPjze8

[John Reed Stark @JohnReedStark]

SEC/Binance Newsflash: Dueling Consent Orders (Read Them Now)

The SEC and the Binance defendants have each submitted draft orders of what each party wants the Judge to order in the SEC/Binance Emergency Asset Freeze Enforcement Action.

There is obviously a lot of conflict between what each party argues – but that does not mean the judge cannot order a compromise and find common ground, line by line, of the dueling proposed orders. We may even learn by COB today of a temporary outcome. Or the judge could seek further briefs, order another hearing or take any other action the Judge deems appropriate.

This is all happening in real-time and very difficult to predict.

The Proposed Orders

Here is what the SEC believes is wrong with Binance’s Proposed Order:
SEC Redlined Proposed Stipulation And Consent Order at https://t.co/tcgWaqFZUW

Here is what the SEC wants the Judge’s Final Order to look like:
SEC Proposed Stipulation and Consent Order at https://t.co/ZzEye92ssf

Here is what the Binance defendants wants the Judge’s order to look like and where the Binance defendants believe the SEC is wrong:
Binance Defendants Redlined Proposed Consent Order at https://t.co/k2mWcdSaIQ

[John Reed Stark @JohnReedStark]

SEC/Binance Newsflash

The Judge in the SEC/Binance matter just issued a new order, clearly trying to broker a compromise with a temporary consent decree pertaining to Binance-related assets in the U.S. (see graphic). This would allow everyone time to prepare for a full-fledged hearing on the merits.

The Judge asks the parties, by 1:00, to present their perception/understanding of where the parties differ as to some sort of negotiated temporary freeze, expedited discovery plan, etc.

Meanwhile, the hearing may still be at 2:00 (that is unclear). These are some incredibly challenging deadlines for all parties.

But the case remains on a fast track because the SEC seeks extraordinary relief, like an asset freeze and the repatriation of billions of dollars. The SEC believes not only that the evidence of fraud is overwhelming but also that investor funds are at risk. So, for the SEC, any consent decree must effectively assuage those concerns.

Historically, when the SEC seeks this kind of emergency relief, it is usually not against a mega financial firm like Binance, but more typically against a small firm, a small group of individuals, or even just one person — and the request is done ex parte (without the opposing party even knowing about the emergency request).

So this entire situation may actually be somewhat unprecedented on multiple levels.

Whatever you think of the SEC (and I am a frequent SEC critic), you have to appreciate how gutsy and aggressive the SEC has moved — and that the SEC is obviously ready for a fight.

Buckle up and stay tuned regarding what is perhaps the most important SEC crypto-related enforcement action in history.